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Growth, Colonization, and Institutional Development: In and Out of Africa
Bertocchi, Graziella - C.E.P.R. Discussion Papers - 2011
This essay investigates the determinants of the growth performance of Africa. I start by illustrating a broader … institutional development. After reporting results from standard growth regressions, I analyze the role of Africa’s peculiar history … influence, in and out of Africa, of the slave trades. The essay ends with critical conclusions and suggestions for further …
Persistent link: https://www.econbiz.de/10009225960
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Growth, History, or Institutions? What Explains State Fragility in Sub-Saharan Africa
Bertocchi, Graziella; Guerzoni, Andrea - C.E.P.R. Discussion Papers - 2010
We explore the determinants of state fragility in sub-Saharan Africa. Controlling for a wide range of economic …
Persistent link: https://www.econbiz.de/10008468636
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Divide and Rule or the Rule of the Divided? Evidence from Africa
Michalopoulos, Stelios; Papaioannou, Elias - C.E.P.R. Discussion Papers - 2010
-specific pre-colonial institutions in shaping comparative regional development in Africa. We utilize information on the spatial …
Persistent link: https://www.econbiz.de/10008683528
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National Institutions and African Development: Evidence from Partitioned Ethnicities
Michalopoulos, Stelios; Papaioannou, Elias - C.E.P.R. Discussion Papers - 2012
We investigate the role of national institutions on regional development in a novel framework. We exploit the fact that the arbitrary political boundaries in the eve of African independence partitioned more than two hundred ethnic groups across different countries subjecting similar cultures,...
Persistent link: https://www.econbiz.de/10011084103
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Pre-colonial Ethnic Institutions and Contemporary African Development
Michalopoulos, Stelios; Papaioannou, Elias - C.E.P.R. Discussion Papers - 2012
We investigate the role of deeply-rooted pre-colonial ethnic institutions in shaping comparative regional development within African countries. We combine information on the spatial distribution of ethnicities before colonization with regional variation in contemporary economic performance, as...
Persistent link: https://www.econbiz.de/10011084243
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The Long-Run Effects of the Scramble for Africa
Michalopoulos, Stelios; Papaioannou, Elias - C.E.P.R. Discussion Papers - 2011
We examine the long-run consequences of the scramble for Africa among European powers in the late 19th century and … sizable causal impact of the scramble for Africa on warfare. …
Persistent link: https://www.econbiz.de/10009371464
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Why are some regions more innovative than others? The role of firm size diversity
Agrawal, Ajay; Cockburn, Iain M; Galasso, Alberto; … - C.E.P.R. Discussion Papers - 2013
Large firms spawn spin-outs caused by innovations deemed unrelated to the firm's overall business. Small firms generate demand for specialized services that lower entry costs for others. We study the interplay of these two localized externalities and their impact on regional innovation. We...
Persistent link: https://www.econbiz.de/10011084673
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Finance, Growth and Fragility: The Role of Government
Beck, Thorsten - C.E.P.R. Discussion Papers - 2013
This paper offers a critical survey of the literature on the role of financial deepening in economic development, focusing on the role of government. Specifically, I distinguish between the policy view that relates financial sector development to an array of necessary policies and institutions,...
Persistent link: https://www.econbiz.de/10011084237
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From Cities to Productivity and Growth in Developing Countries
Duranton, Gilles - C.E.P.R. Discussion Papers - 2008
This paper reviews the evidence about the effects of urbanisation and cities on productivity and economic growth in …
Persistent link: https://www.econbiz.de/10005791874
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The Berlin Stock Exchange in Imperial Germany – a Market for New Technology?
Lehmann, Sibylle; Streb, Jochen - C.E.P.R. Discussion Papers - 2015
Analysing 474 cases of firms going public in the German capital between 1892 and 1913, we show that innovative firms could rely on the Berlin stock market as a source of financing. The data also reveal that initial public offerings (IPO) of innovative firms were characterized by particularly low...
Persistent link: https://www.econbiz.de/10011266534